Overview
- Paramount has offered $108.4 billion for the entire Warner Bros. Discovery, a proposal that includes CNN and other TV networks.
- Netflix reached an agreement with Warner management to buy the studio and streaming businesses for about $83 billion, with the TV channels to be spun off as a separate company.
- President Trump called CNN's leadership a disgrace and accused the channel of spreading poison and lies in remarks urging a change of ownership.
- He said those currently running Warner Bros. Discovery and CNN should not be allowed to continue in their roles.
- The deal is expected to face Justice Department review, and Trump signaled he would be involved and flagged Netflix’s streaming market share as a potential problem while Netflix and Warner expressed confidence in closing.